Engineers India fell 2.49% to Rs 182.10 at 13:53 IST on BSE on profit booking after the stock rose 6.02% in the preceding four trading sessions to Rs 186.75 yesterday, 10 September 2015, from a recent low of Rs 176.15 on 4 September 2015.
Meanwhile, the BSE Sensex was up 17.97 points, or 0.07%, to 25,640.14.
On BSE, so far 15,000 shares were traded in the counter, compared with an average volume of 1.15 lakh shares in the past one quarter.
The stock hit a high of Rs 188 and a low of Rs 181.65 so far during the day. The stock hit a 52-week high of Rs 282.95 on 5 November 2014. The stock hit a 52-week low of Rs 157.90 on 25 August 2015.
The stock had underperformed the market over the past one month till 10 September 2015, falling 20.77% compared with 8.82% fall in the Sensex. The scrip had also underperformed the market in past one quarter, falling 5.80% as against Sensex's 4.54% decline.
The mid-cap company has an equity capital of Rs 168.47 crore. Face value per share is Rs 5.
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Engineers India's net profit fell 29.35% to Rs 56.80 crore on 10.3% decline in net sales to Rs 390.51 crore in Q1 June 2015 over Q1 June 2014.
State-run Engineers India (EIL) provides engineering consultancy and EPC services, mainly to the oil and gas and petrochemical industries. The company has also diversified into sectors like infrastructure, water and waste management, solar and nuclear power and fertilizers to leverage its strong technical competencies and track record. The Government of India holds 69.37% stake in EIL (as per the shareholding patter as on 30 June 2015)
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